Enertopia Corporation (OTCQB: ENRT) announced that its CEO Robert McAllister has exercised 500,000 warrants from the May 8, 2025 private placement, purchasing 500,000 shares for USD $50,000. Following this transaction, McAllister now owns 1,350,250 shares, representing 14.519% of the company's outstanding shares. The acquired shares will be subject to a four-month hold period under Canadian securities laws. The company plans to use the proceeds for advancing its patented clean energy technologies, patent-pending oxyhydrogen technology, and general working capital.
Enertopia Corporation (OTCQB: ENRT) ha annunciato che il suo CEO, Robert McAllister, ha esercitato 500.000 warrant derivanti dal collocamento privato dell'8 maggio 2025, acquistando 500.000 azioni per un importo di 50.000 USD. Dopo questa operazione, McAllister possiede ora 1.350.250 azioni, pari al 14,519% delle azioni in circolazione della società . Le azioni acquisite saranno soggette a un periodo di blocco di quattro mesi secondo la normativa canadese sui titoli. La società prevede di utilizzare i proventi per sviluppare le sue tecnologie brevettate per l'energia pulita, la tecnologia ossidrogeno in fase di brevetto, e per il capitale circolante generale.
Enertopia Corporation (OTCQB: ENRT) anunció que su CEO, Robert McAllister, ejerció 500,000 warrants del colocación privada del 8 de mayo de 2025, adquiriendo 500,000 acciones por 50,000 USD. Tras esta transacción, McAllister posee ahora 1,350,250 acciones, lo que representa el 14.519% de las acciones en circulación de la compañÃa. Las acciones adquiridas estarán sujetas a un perÃodo de retención de cuatro meses según las leyes de valores canadienses. La empresa planea utilizar los fondos para avanzar en sus tecnologÃas patentadas de energÃa limpia, la tecnologÃa de oxihidrógeno en trámite de patente, y para capital de trabajo general.
Die Enertopia Corporation (OTCQB: ENRT) gab bekannt, dass ihr CEO Robert McAllister 500.000 Warrants aus der Privatplatzierung vom 8. Mai 2025 ausgeübt hat und dabei 500.000 Aktien für 50.000 USD erworben hat. Nach dieser Transaktion besitzt McAllister nun 1.350.250 Aktien, was 14,519 % der ausstehenden Aktien des Unternehmens entspricht. Die erworbenen Aktien unterliegen gemäß kanadischem Wertpapierrecht einer Viermonats-Haltefrist. Das Unternehmen plant, die Erlöse zur Weiterentwicklung seiner patentierten sauberen Energietechnologien, der zum Patent angemeldeten Oxyhydrogen-Technologie und für das allgemeine Betriebskapital zu verwenden.
Positive
CEO demonstrates confidence in company by investing $50,000 through warrant exercise
Insider ownership increases to significant 14.519% stake
Additional working capital secured for technology advancement
Negative
Small capital raise of only $50,000 may not be sufficient for significant technology advancement
Four-month hold period restricts share liquidity
Kelowna, British Columbia--(Newsfile Corp. - June 18, 2025) - Enertopia Corporation (OTCQB: ENRT) (CSE: ENRT) ("Enertopia'' or the "Company") is pleased to announce it has received an exercise request for 500,000 warrants related to its private placement closed on May 8, 2025.
The Company reports that the CEO has exercised 500,000 warrants to purchase 500,000 shares, for total proceeds of USD $50,000 to the Company. The CEO now holds 1,350,250 shares, representing 14.519% of the Company's issued and outstanding shares.
"We are working aggressively to map out the next steps for advancing our patented clean energy technologies and our patent pending oxyhydrogen technology," stated President and CEO Robert McAllister.
The common shares will be subject to a four month hold period under applicable securities laws in Canada and the rules of the Canadian Securities Exchange (the "Exchange").
Proceeds of the warrant exercise will be used for technology advancement and general working capital.
The securities referred to herein will not be or have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.
About Enertopia Corp.
Enertopia Corp. defines itself as an Energy Solutions Company focused on modern technology through a combination of our intellectual property patents in green technologies to build shareholder value.
For further information, please contact:
Enertopia Corporation Robert McAllister, CEO Tel: 1-888-ENRT201
Renmark Financial Communications Inc. Preston Conable: [email protected] Tel: (416) 644-2020 or (212) 812-7680
This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements which are not historical facts are forward-looking statements. The Company makes forward-looking public statements concerning its expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, potential and financing of its, mining projects, 3rd party lithium technology, competitive positions, growth opportunities, plans and objectives of management for future operations, including statements that include words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and other similar expressions that are forward-looking statements. Such forward-looking statements are estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements., foreign exchange and other financial markets; changes of the interest rates on borrowings; hedging activities; changes in commodity prices; changes in the investments and expenditure levels; litigation; legislation; environmental, judicial, regulatory, political and competitive developments in areas in which Enertopia Corporation operates. There can be no assurance that the current patented or patent pending technology being used or developed will be economic or have any positive impact on Enertopia. There can be no assurance that the financing will close and if closed will have any positive impact on Enertopia. The User should refer to the risk disclosures set out in the periodic reports and other disclosure documents filed by Enertopia Corporation from time to time with regulatory authorities.
Neither the OTC Markets and the CSE Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined, in the policies of the CSE Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit
FAQ
How many warrants did Enertopia's CEO exercise in June 2025?
Enertopia's CEO exercised 500,000 warrants to purchase 500,000 shares for a total of USD $50,000.
What percentage of Enertopia (ENRT) does the CEO own after the warrant exercise?
After exercising the warrants, CEO Robert McAllister owns 1,350,250 shares, representing 14.519% of the company's outstanding shares.
What will Enertopia use the warrant exercise proceeds for?
The proceeds will be used for advancing their patented clean energy technologies, patent-pending oxyhydrogen technology, and general working capital.
What is the hold period for the new Enertopia shares from the warrant exercise?
The common shares are subject to a four-month hold period under Canadian securities laws and Canadian Securities Exchange rules.
When did Enertopia complete the private placement related to these warrants?
The private placement related to these warrants was closed on May 8, 2025.
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